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20130113
20130121
Search Results 0 to 5 of about 6 (some duplicates have been removed)
. >> congress authorizes spending. they order me to spend. they tell me you need to fund our defense department, at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay all of this out for me. and because they have the spending power. and so i am required by law to go ahead and pay these bills. separately, they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. and so what congress can't do is tell me to spend x, and then say but we're not going to give you the authority to go ahead and pay the bills. >> the economist made a laundry list of what would happen if congressional republicans refused to raise the debt limit. failure to raise the debt ceiling would force immediate spending cuts equal for 6% of gdp. not only would that threaten to send the economy back into recession, it would also deprive many of money needed to meet their own obligations, setting off a chain reaction of defaults that could incite investors to dump their holdings, driving up
with spending in regard to the upcoming defense cuts, the sequester. they want to put the debt limit off for three months, get it out of the headlines, not let the president use it as a republican punching bag. trying to tell his colleagues, come to the center, let's move on to other issues. >> one of the interesting things about the way they did it and in doing it for only three months, dave, when you do it for three months the idea is you can always come back to it if you want. but it seems to me, certainly the way it is being reacted to or being read in the press, in saying there is going to be a three-month extension before the debate, they are saying we know we can't win a fight. we know we'll cave at the end of that. so seems like the threat is no longer credible. >> a lot of it did, what the republicans were saying, they were trying to educate their new members on exactly how the debt ceiling worked because that might not have been done last time. and paul ryan has the sort of, these are not the androids you're looking for, this will allow it to be your principle -- they just conv
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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